IRVINE, Calif.--(EON: Enhanced Online News)--Opus
Bank (“Opus”) (NASDAQ: OPB) announced today the further expansion of
its West Coast Commercial Banking team with the hires of three
additional senior bankers.

“We
anticipate that Chris’, Duncan’s, and Gregg’s years of experience and
consistent history of success will provide remarkable value to those
entrepreneurs and middle market clients who have a vision to expand and
grow.”

Duncan Hughes, a 12-year banking veteran, joined Opus as Managing
Director, Senior Client Manager and is responsible for further expanding
Opus’ commercial and corporate client base in the Los Angeles region.

Christopher Patterson, a 12-year banking veteran, joined Opus as
Managing Director, Senior Client Manager and is responsible for further
expanding Opus’ commercial and corporate client base in Orange County.

Gregg Marsicano, a 32-year banking and finance veteran, joined Opus as
Director, Asset-Based Lending and is responsible for further developing
new client relationships with, and providing asset-based, senior debt
financing and banking solutions to, middle market commercial and
corporate clients in the Pacific Northwest.

Geoff Anfuso, Executive Vice President, Co-Chief Lending Officer, Head
of Commercial and Specialty Banking, stated, “We are pleased that Duncan
and Chris have joined Opus’ Southern Commercial Banking team. Both are
highly regarded banking veterans, each with tremendous depth of
experience in their markets providing commercial banking products,
services, and solutions to entrepreneurs, business owners, and
corporations. We are also pleased to welcome Gregg to our Commercial
Banking team in the Pacific Northwest as he adds considerable strength
to our asset-based lending efforts in the region.” Mr. Anfuso added, “We
anticipate that Chris’, Duncan’s, and Gregg’s years of experience and
consistent history of success will provide remarkable value to those
entrepreneurs and middle market clients who have a vision to expand and
grow.”

Mr. Hughes joins Opus most recently from Bank of the West, where from
2015 to 2017 he served as Vice President, Senior Relationship Manager
within the greater Los Angeles market and was focused on originating and
building the bank’s middle market commercial banking business. From 2014
to 2015, Mr. Hughes served as Vice President, Commercial Banking Officer
at California Bank & Trust, the California Subsidiary of Zions
Bancorporation, where he focused on developing new client relationships
with lower middle market companies and originated working capital lines
of credit, asset-based, commercial real estate, trade finance, and SBA
senior debt transactions. From 2012 to 2014, Mr. Hughes served as Vice
President, Senior Business Relationship Manager at HSBC Bank USA and was
focused on building client relationships with lower middle market
companies. From 2008 to 2012, Mr. Hughes served as Assistant Vice
President, Senior Client Manger at Bank of America, where he structured
and originated secured and unsecured commercial and small business
loans. Mr. Hughes began his banking career in 2005 at Wells Fargo Bank
and Wells Fargo Investments.

Mr. Patterson joins Opus most recently from Citibank, where from 2015 he
served as Vice President, relationship Manager within its Southern
California Commercial Banking Group. While at Citibank, Mr. Patterson
was responsible for managing and growing a portfolio of middle market
commercial clients and structuring acquisitions, expansions, commercial
real estate, and working capital senior debt transactions. From 2013 to
2015, Mr. Patterson served as Vice President, Healthcare Relationship
Manager at Optum Bank, where was responsible for expanding client
relationships with middle market corporations and originating working
capital facilities and asset-based loans. From 2007 to 2013, Mr.
Patterson served as Senior Vice President, Business Development Officer
with Citibank. Mr. Patterson began his banking career at Wells Fargo in
2005. From 2000 to 2005, Mr. Patterson served in the U.S. Army in
aviation operations and earned the designation of Non-Commissioned
Officer in Charge (“NCOIC”) and was named Soldier of the Year at the
National Training Center, Fort Irwin. Mr. Patterson holds a Bachelor of
Science degree in Business Management from the University of Phoenix and
serves as an Advisory Board Member for the university’s Center for
Healthcare Research.

Mr. Marsicano joins Opus most recently from PNC Business Credit (“PNC”),
where from 2014 to 2017 he served as Senior Vice President, Business
Development Officer and led PNC’s efforts in its four-state Pacific
Northwest region. While at PNC, Mr. Marsicano was focused on originating
and building the bank’s asset-based lending business in Washington,
Oregon, Idaho, and Alaska. From 2013 to 2014, Mr. Marsicano served as
Senior Vice President, Asset-Based Lending Manager at Banner Bank, where
he established and grew the bank’s asset-based lending group in
Washington, Oregon, and Idaho. From 1997 to 2012, Mr. Marsicano served
as Senior Vice President, Business Development Officer at Wells Fargo
Capital Finance and was responsible for developing relationships with
middle market companies in the Pacific Northwest region (Washington,
Oregon, Idaho, and Alaska). Earlier in his career, Mr. Marsicano served
as an Account Executive with Union Bank of California and Mellon Bank.
Mr. Marsicano began his banking and finance career in 1985 at Fidelcor
Business Credit Corp. Mr. Marsicano holds a Bachelor of Science degree
in Accounting and Finance from Saint Joseph’s University.

Opus Bank is an FDIC insured California-chartered commercial bank with
$7.3 billion of total assets, $5.1 billion of total loans, and $6.1
billion in total deposits as of September 30, 2017. Opus Bank provides
superior ideas and solutions, and banking products to its clients
through its Retail Bank, Commercial Bank, Merchant Bank and
Correspondent Bank. Opus Bank offers a suite of treasury and cash
management and depository solutions and a wide range of loan products,
including commercial, healthcare, media and entertainment, corporate
finance, multifamily residential, commercial real estate and structured
finance, and is an SBA preferred lender. Opus Bank offers commercial
escrow services and facilitates 1031 Exchange transactions through its
Escrow and Exchange divisions. Opus Bank provides clients with financial
and advisory services related to raising equity capital, targeted
acquisition and divestiture strategies, general mergers and
acquisitions, debt and equity financing, balance sheet restructuring,
valuation, strategy and performance improvement through its Merchant
Banking division and its broker-dealer subsidiary, Opus Financial
Partners, LLC, Member FINRA/SIPC. Opus Bank’s alternative asset IRA
custodian subsidiary has over $16 billion of custodial assets and
approximately 52,000 client accounts, which are comprised of
self-directed investors, financial institutions, capital raisers and
financial advisors. Opus Bank operates 50 banking offices, including 31
in California, 16 in the Seattle/Puget Sound region in Washington, two
in the Phoenix metropolitan area of Arizona and one in Portland, Oregon.
Opus Bank is an Equal Housing Lender. For additional information about
Opus Bank, please visit our website: www.opusbank.com.

Forward-Looking Statements

This release may include forward-looking statements related to Opus’
plans, beliefs and goals, which involve certain risks, and uncertainties
that could cause actual results to differ materially from those in the
forward-looking statements. The forward-looking information presented in
this press release is not a guarantee of future events, and actual
events may differ materially from those made in or suggested by the
forward-looking information contained in this press release.
Forward-looking statements generally can be identified by the use of
forward-looking terminology such as “intend” or “expect” or variations
thereon or similar terminology. All such statements speak only as of the
date made, and Opus undertakes no obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise.

IRVINE, Calif.--(EON: Enhanced Online News)--Opus Bank (“Opus”) (NASDAQ: OPB) announced today that Mark Deason of Starwood Capital Group has been appointed to Opus’ Board of Directors, effective Fe... more »